- Algerian state-owned company Sonatrach has announced yesterday four new gas and oil discoveries in Algerian south, Sonatrach said in a statement.
According state owned media, Algérie Presse Service, discoveries have been made following the drilling of Issaouane Nord west, Tin Tadda Sud, Nechou north and Medjbeb.
The find was in the perimeter of In Amenas in the basin of Illizi with a flow rate of 7,342 cubic metres an hour from the holder of Ordovicien with a pressure of 1220 PSI.
A find in El M'Zald Sud perimeter in the Oued Mya basin produced a flow of 14.5 cubic metres an hour of oil and 2.45 cubic metres an hour of gas. Another find in the El M'Zald Sud perimeter produced 2.2 cubic metres an hour of oil.
On Monday Sonatrach announced three gas finds in the Sahara desert. Gas was found by Sonatrach and its partner StatoilHydro in Hassi Mouina perimeter in the Gourara basin and tests showed a flow rate of 9,167 cubic metres an hour.
Out of the 13 hydrocarbon finds in Algeria this year, seven were by Sonatrach alone and six in association with partners.
The total number of oil and gas in OPEC-member Algeria rose to 20 finds in 2007 from 18 in the previous year.
Algeria pumps about 1.4 million barrels of oil per day and exports 62 billion cubic metres of gas a year, mostly to Europe.
The country ranks fourteenth in petroleum reserves, containing 11.8 billion barrels of proven oil reserves with estimates suggesting that the actual amount is even more. The U.S. Energy Information Administration reported that in 2005, Algeria had 160 trillion cubic feet of natural reserves, the eighth largest in the world.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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